It is bizarre. The difference in numbers between what you're saying exists in Australia and the US is staggering. I'm clueless about the market there, but even if there are laws on the books that better protect buyers/sellers, and so there's some justification for the "risk premium" that US buyers and sellers pay for protection throughout and after the transaction, I'd wager a princely sum that the magnitude of that premium is in no way justified.
Btw, this wasn't always true. Some of the protections/standardizations introduced post-recession actually makes the US residential market more ripe for an OD-type model. I could go on and on about why that may be the case, but I'm guessing others are sick of me writing long-winded comments in here even though you and I are probably the only people still interested in this thread.
As someone else said, though, sure is interesting to watch.
Btw, this wasn't always true. Some of the protections/standardizations introduced post-recession actually makes the US residential market more ripe for an OD-type model. I could go on and on about why that may be the case, but I'm guessing others are sick of me writing long-winded comments in here even though you and I are probably the only people still interested in this thread.
As someone else said, though, sure is interesting to watch.